Update On European Battery Maker Northvolt -- March 26, 2023

From Reuters earlier this week:

Link here.

Northvolt has so far raised billions via debt issuance to fund its factory investments, including $1.1 billion in convertible notes last year that have helped it ramp up production at its gigafactory in Skelleftea, Sweden.

Reuters last month reported that Northvolt is close to hiring banks for an initial public offering (IPO) in Europe or New York that could value the company at more than $20 billion.